What im looking forward to short tomorrow for the next 4 weeks
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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
Disliked{quote} This is not something you backtest. In other words, backtesting is pretty much useless when it comes to candlestick patterns. That being said, using the Daily chart, look for engulfing candles, outside bars (similar to engulfing but not necessarily the same), pin bars/long wicks at key areas of support and resistance. A great way to find support and resistance is to use the zig zag indicator, and set it at 2,2,1. Use the weekly chart to plot areas of support and resistance.Ignored
Disliked{quote} Candlesticks are created by up and down movements in the price. While these price movements sometimes appear random, at other times they form patterns that traders use for analysis or trading purposes. No pattern works all the time, as candlestick patterns represent tendencies in price movement, not guarantees. https://www.incrediblecharts.com/can...-strongest.php I would say it's something like 50/50 and not that reliable. I think supply/demand analysis strictly looking at the charts has proven...Ignored
DislikedThe DOW is an interesting study on divergences, TL's, Channels and S&R. Current weekly bearish Divergence is stronger that the previous in 2018, with much more consolidation before the current move down {image}Ignored
Disliked{quote} Equity market is so weak, can't hold any gains lately Lets see what Powell has to sayIgnored
Disliked{quote} I think Powell will continue talking tightening. Too early right now to change language and back down. He will need a significant market "Crash" to justify changing any talked up plans and policy.Ignored
Disliked{quote} And honestly 10% drop on ES is "nothing" It happened plenty of time, he can't switch from hawkish stance to dovish But the chief economist M.El Erian said the FED will have to stop QE right away tomorrow, it would be crazy if so He is usually spot on, we'll seeIgnored
Disliked{quote} And honestly 10% drop on ES is "nothing" It happened plenty of time, he can't switch from hawkish stance to dovish But the chief economist M.El Erian said the FED will have to stop QE right away tomorrow, it would be crazy if so He is usually spot on, we'll seeIgnored
Disliked{quote} Well i agree and i think that way too, but seeing some successful economists using those patterns + my timing problem really makes me question my stand on this matter. Maybe they can be used with fundamentals? Idk we will wait and seeIgnored
QuoteDislikedIn conclusion, among the six candlestick models, onlyt wo of them are somewhat effective and provides profitable revenue for investors using nine US stocks. Our results provide an up-to-date view of the “ancient” candlestick analyses. Given the limited applicability, general investors should not be using the candlestick model as the major guideline for their decision-making process
Disliked{quote} FYI, trendlines are not subjective when used in combination with fractals.Ignored
Disliked{quote} The authors of this article tested the predictive power of 6 patterns against random guessing on the example of the stock market. Forex..乁( •_• )ㄏ Try to find them, then perform a simple statistical test https://ieeexplore.ieee.org/document/8713248 {quote}.{image} And these are bullish patterns. And we know that "stonks only go up".. so no new informationIgnored
Disliked{quote} The authors of this article tested the predictive power of 6 patterns against random guessing on the example of the stock market. Forex..乁( •_• )ㄏ Try to find them, then perform a simple statistical test https://ieeexplore.ieee.org/document/8713248 {quote}.{image} And these are bullish patterns. And we know that "stonks only go up".. so no new informationIgnored